Accelerometer Market Analysis and Forecast to 2024 by Recent Trends, Developments in Manufacturing Technology and Regional Growth Overview

(The Express Wire via Comtex)

Accelerometer Market Report studies the global Accelerometer market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

Global “Accelerometer Market” is an overview of the global market is provided with prime focus on factors boosting and hampering market. This will help investors get a clear understanding on which aspects to focus on and how to economically support the market globally. The impact of prevailing regulatory scenario on both regional and worldwide Accelerometer market is provided detail in this report.

Market Overview:

  • The accelerometer market is expected to register a CAGR of 2.97% over the forecast period (2019 - 2024). The emergence of the MEMS technology has resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors, through the use of micro-fabrication and micro-machining techniques. This has supported the rapid adoption of accelerometers in portable devices, as they offer enhanced capabilities in small unit size.
  • - The tactical grade of modern high-end accelerometers has penetrated into various defense applications market.
  • - Moreover, the demand in the commercial aerospace sector is also driving the demand for high-end IMUs. Boeing’s aerospace study revealed that over the next three decades, there would be a demand for 35,200 new jet aircraft, globally.
  • - Furthermore, MEMS accelerators are used in inertial navigation applications to calculate the direction and speed of ships, aircraft, submarines, guided missiles, and spacecraft. High accelerometers have replaced the fragile high-end electromechanical devices.
  • - However, the fusion of accelerometers on devices may increase the cost of a device. Along with the cost of the device, the accelerometer increases the complexity of a device to be fabricated on to a device.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

  • Analog Devices Inc.
  • Robert Bosch GmbH
  • Honeywell International Inc.
  • Northrop Grumman LITEF GmbH
  • STMicroelectronics
  • InvenSense (TDK Group company)
  • Rockwell Automation Inc.
  • iXblue SAS
  • Kearfott Corporation(Astronautics Corporation of America)
  • Al Cielo Inertial Solutions Ltd
  • Meggitt Orange County Inc.(Dun and Bradstreet Corporation)
  • Silicon Sensing Systems Limited(Collins Aerospace and Sumitomo Precision Products)
  • Atlantic inertial systems Ltd(AIS Global Holdings LLC)

Scope of the Report:

  • Accelerometers are used to measure the acceleration of a moving body. The use of accelerometers is increasing due to their applications in various configurations. The accelerometers have applications in various end-user segments, such as aerospace and defense, industrial, consumer electronics, automotive, and other end-user industries, such as health care and energy.

Market Dynamics:

  • Drivers: (Developing regions and growing markets)
  • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
  • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

The report provides key statistics on the market status of the Accelerometer Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Accelerometer .

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Key questions answered in the report include:

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the global Accelerometer market?
  • What are the key market trends impacting the growth of the global Accelerometer market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Accelerometer market?
  • What are the market opportunities and threats faced by the vendors in the global Accelerometer market?
  • Trending factors influencing the market shares of the relevant regions.
  • What are the key outcomes of the five forces analysis of the global Accelerometer market?

Key Market Trends:

Aerospace and Defense Industry to Account for a Significant Share in the Market

- The defense application is expected to create a significant demand for accelerometers, owing to the increasing adoption of high-end accelerometers in small-diameter missiles, underwater navigators, and unmanned aerial vehicles and also increasing beneficiaries of high-end MEMS sensors in military applications.
- Furthermore, high-end MEMS accelerators are being deployed along with gyroscopes in inertial navigation applications to calculate the direction and speed of defense applications, such as ships, aircraft, submarines, guided missiles, and spacecraft.
- To meet the increasing demand for IMUs and AHRS systems for military applications, market players are producing custom MEMS-based accelerometers, with enhanced bias stability.
- The military spending trends will drive the growth of the market and the United States has the largest spending in the military and defense sector and therefore the largest market for accelerometers.

North America to Dominate the Market

- North America is witnessing a growth in the development of new high-performance accelerometers as companies in the region are investing in introducing advanced and innovative accelerometers. The increased spending by the US defense is the major factor driving the growth of accelerometers in the region.
- With this rise, the country also focuses on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles that have become the weapons of choice for the US military, providing a high degree of accuracy while avoiding widespread collateral damage.
- These applications demand high performance, compact form factor, a ruggedized accelerometer to improve tactical IMUs for long duration guidance without GPS.
- North America is also a pioneer in the adoption of IoT which will also drive the growth of the market in the region.

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Study objectives of Accelerometer Market Report:

  • To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the Accelerometer market
  • To provide insights into factors influencing and affecting market growth
  • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
  • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
  • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
  • To provide economic factors, technology trends, and market trends that influence the global Accelerometer market

Detailed TOC of Accelerometer Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Emergence of the MEMS Technology
4.3.2 Increasing Demand from Consumer Electronics
4.3.3 Developing Aerospace and Defense Sector (High-end Accelerometers)
4.4 Market Restraints
4.4.1 Costs and Complexity Concerns
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By End User
5.1.1 Aerospace and Defense
5.1.2 Industrial
5.1.3 Consumer Electronics
5.1.4 Automotive
5.1.5 Other End users
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Rest of the World

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Analog Devices Inc.
6.1.2 Robert Bosch GmbH
6.1.3 Honeywell International Inc.
6.1.4 Northrop Grumman LITEF GmbH
6.1.5 STMicroelectronics
6.1.6 InvenSense (TDK Group company)
6.1.7 Rockwell Automation Inc.
6.1.8 iXblue SAS
6.1.9 Kearfott Corporation(Astronautics Corporation of America)
6.1.10 Al Cielo Inertial Solutions Ltd
6.1.11 Meggitt Orange County Inc.(Dun and Bradstreet Corporation)
6.1.12 Silicon Sensing Systems Limited(Collins Aerospace and Sumitomo Precision Products)
6.1.13 Atlantic inertial systems Ltd(AIS Global Holdings LLC)

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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